Assenagon Asset Management S.A. purchased a new stake in shares of Cato Corp (NYSE:CATO) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 174,300 shares of the specialty retailer’s stock, valued at approximately $2,487,000.

Several other institutional investors have also recently made changes to their positions in the company. Bank of Montreal Can lifted its holdings in shares of Cato by 63.3% during the 4th quarter. Bank of Montreal Can now owns 4,973 shares of the specialty retailer’s stock valued at $72,000 after buying an additional 1,928 shares during the last quarter. Teachers Advisors LLC lifted its holdings in shares of Cato by 6.7% during the 3rd quarter. Teachers Advisors LLC now owns 45,977 shares of the specialty retailer’s stock valued at $966,000 after buying an additional 2,893 shares during the last quarter. Stone Ridge Asset Management LLC lifted its holdings in shares of Cato by 13.8% during the 3rd quarter. Stone Ridge Asset Management LLC now owns 36,050 shares of the specialty retailer’s stock valued at $758,000 after buying an additional 4,368 shares during the last quarter. Legal & General Group Plc lifted its holdings in shares of Cato by 9.7% during the 3rd quarter. Legal & General Group Plc now owns 49,383 shares of the specialty retailer’s stock valued at $1,047,000 after buying an additional 4,383 shares during the last quarter. Finally, Wells Fargo & Company MN lifted its holdings in shares of Cato by 12.3% during the 3rd quarter. Wells Fargo & Company MN now owns 41,483 shares of the specialty retailer’s stock valued at $872,000 after buying an additional 4,547 shares during the last quarter. Institutional investors and hedge funds own 80.96% of the company’s stock.

Shares of Cato stock opened at $15.43 on Tuesday. The stock has a market cap of $381.90 million, a PE ratio of 12.72 and a beta of 0.44. Cato Corp has a 52-week low of $10.76 and a 52-week high of $26.88.

Cato (NYSE:CATO) last announced its quarterly earnings results on Tuesday, November 20th. The specialty retailer reported $0.16 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.07 by $0.09. The business had revenue of $190.01 million during the quarter. Cato had a return on equity of 9.20% and a net margin of 2.14%.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 2nd. Investors of record on Monday, December 10th were paid a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 8.55%. The ex-dividend date of this dividend was Friday, December 7th.

Separately, ValuEngine upgraded Cato from a “hold” rating to a “buy” rating in a report on Wednesday, October 31st.

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Cato Company Profile

The Cato Corporation, together with its subsidiaries, operates as a specialty retailer of fashion apparel and accessories primarily in the southeastern United States. It operates through two segments, Retail and Credit. The company's stores and e-commerce Websites offer a range of apparel and accessories, including dressy, career, and casual sportswear; and dresses, coats, shoes, lingerie, costume jewelry, and handbags.

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Institutional Ownership by Quarter for Cato (NYSE:CATO)

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